The inti was the currency of Peru between 1985 and 1991. Its ISO 4217 code was PEI and its abbreviation in local use was "I/.". Although they soon became worthless, the inti was divided into 100 centimos.
The inti was named after Inti, the Inca sun god, to maintain the solar connection in the naming of Peru's currency (although, sol in the currency sense was actually ultimately derived from the Latin Solidus).
History
The inti was introduced on 1 February 1985, replacing the sol which had suffered from high inflation. One inti was equivalent to 1000 soles. Coins denominated in the new unit were put into circulation from May 1985 and banknotes followed in December of that year.
By 1990, the inti had itself suffered from such high inflation that the nuevo sol ("new sol") was adopted on 1 July 1991, replacing the inti at an exchange rate of a million to one. Thus: 1 new sol ! 1,000,000 inti 1,000,000,000 old soles. As an interim measure, from January to July 1991, the "inti millon" was used as a unit of account. One inti millon was equal to 1,000,000 inti and hence to one new sol.
Inti notes and coins are no longer legal tender in Peru, nor can they be exchanged for notes and coins denominated in the current nuevo sol.
Coins
Coins were introduced in 1985 in denominations of 1, 5, 10, 20, and 50 centimos, plus 1 and 5 intis. All denominations were issued until 1988.
Banknotes
In 1985, notes were issued in denominations of 10, 50, 100 and 500 intis. The next year, 1000 intis notes were added, followed by 5000, 10,000, 50,000, 100,000 and 500,000 intis in 1988 and 1 and 5 million intis in 1990. The obverses featured:
- 10 intis - Ricardo Palma, writer
- 50 intis - Nicolas de Pierola, President, finance minister
- 100 intis - Ramon Castilla, President, Army Marshal
- 500 intis - Tupac Amaru II, revolutionary leader
- 1000 intis - Andres Avelino Caceres, President, Army Marshal
- 5000 intis - Miguel Grau, Navy admiral
- 10,000 intis - Cesar Vallejo, writer
- 50,000 intis - Victor Raul Haya de la Torre, politician
- 100,000 intis - Francisco Bolognesi, Army colonel
- 500,000 intis - Ricardo Palma
- 1,000,000 intis - Hipolito Unanue, medical doctor, nationalist
- 5,000,000 intis - Antonio Raimondi, scientist (never in general use)
See also
External links
Other pages about Economy of Peru
-Agricultural history of Peru -Bolsa de Valores de Lima -Central Reserve Bank of Peru -Economy of Peru -International rankings of Peru -Peru-United States Free Trade Agreement -Peruvian inti -Peruvian nuevo sol -Peruvian peseta -Peruvian real -Peruvian sol
Other pages about History of Peru
-1992 Peruvian constitutional crisis -2004 South American Summit -Acaray -Agricultural history of Peru -Alto de la Alianza -Amazonas in the Colonial Epoch -Apu Mallku -Aspero -Atacama border dispute -Barrios Altos massacre -Battle of Sipe-Sipe -Bolivar's War -Cenepa War -Chinchay Suyu -Colombia-Peru War -Cultural periods of Peru -Demographic history of Peru -Diego Fernandez -Diego Lopez de Zuniga y Velasco -Ecuadorian-Peruvian war -Expedicion Libertadora del Peru -Felipillo -Francisco Gil de Taboada -Francisco Pizarro -Fray Martin de Murua -Frecuencia Latina bombing -Gabriel de Aviles y del Fierro -Garci Manuel de Carbajal -Gonzalo Pizarro -Guaman Poma -Guayaquil conference -Hernando Pizarro -History of Lima -History of Peru -History of the Ecuadorian-Peruvian territorial dispute -History of the Incas -Huaca de la Luna -Inca Garcilaso de la Vega -Inca road system -Indigenous peoples in Peru -Inti Raymi -Japanese embassy hostage crisis -Jiskairumoko -Joaquin de la Pezuela -Jorge Basadre -Jose Antonio de Areche -Jose Baquijano -Jose Quinones Gonzales -Jose de la Mar -Jose de la Serna e Hinojosa -Juan de Saavedra -La Cantuta massacre -Lanzon -List of DNA tested mummies -List of Norte Chico sites -List of Prime Ministers of Peru -Lope Garcia de Castro -Maitland Plan -Manco Inca Yupanqui -Manuel Arredondo y Pelegrin -Maria Rostworowski -Mariano Felipe Paz Soldan -Mariano Ignacio Prado -Max Uhle -Mercurio Peruano -Movimiento Etnocacerista -Ollantaytambo -Operation Chavin de Huantar -Operation Condor -Paquisha War -Pascual de Andagoya -Pedro Cieza de Leon -Peru-Bolivian Confederation -Peruvian Ancient Cultures -Peruvian Inquisition -Peruvian War of Independence -Peruvian inti -Peruvian nuevo sol -Peruvian peseta -Peruvian prison massacres -Peruvian real -Peruvian sol -Qoriwayrachina -Raimondi Stela -Ransom Room -Repartimiento -Republic of North Peru -Republic of South Peru -Rio Protocol -Royal Audience of Quito -Shining Path -Simon Bolivar -Spanish conquest of the Inca Empire -Tacna-Arica compromise -Tacnazo -Tarata bombing -Teodoro de Croix -Third Council of Lima -Timeline of Peruvian history -Toribio Rodriguez de Mendoza -Toro Submarino -Treaty of Lima -Truth and Reconciliation Commission (Peru) -Tumi -Tunnels of San Antonio -Tupac Amaru -Tupac Amaru Revolutionary Movement -Upper Peru -Vilcabamba, Peru
This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Peruvian_inti
